Cisco sharpens decline - Analysis - 19-01-2021

Cisco's stock tumbled 2.66% in the last session, with negative signals from the RSI, while seeking a bottom to bounce it higher, settling at 59.73, amid the dominance of the main upward medium-term trend, with positive pressure from the 50-day SMA.

Therefore we expect the stock to return higher, targeting the pivotal resistance of 64.27, provided it settles back above 60.25. 

Expected trend for today: Bullish